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Hearing Aid Clinics in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hearing Aid Clinics Market Research Report | Life Sciences | Healthcare Services | Mar 2016

All ears: An aging population and greater healthcare access will ring in demand

IBISWorld’s Hearing Aid Clinics market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Amplifon USA Amplifon USA market share
Sonova Sonova market share
Starkey Starkey market share
William Demant William Demant market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
2.9%
Annual Growth 16-21
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Profit
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Employment
11,728
Businesses
2,849
Industry Analysis & Industry Trends

The Hearing Aid Clinics industry is expected to grow during the five years to 2016. Following a multiyear drop during the recession, the industry has rebounded thanks to beneficial demographic trends, the expansion of private healthcare coverage and, ultimately, the improving economy. Because Medicare, the government-funded health insurance program that provides coverage for adults over the age of 65, does not cover hearing aids, out-of-pocket payments for industry products have remained important during the five years to 2016. Consequently, the rise in disposable income has benefited industry operators during this period. The persistence of current trends is expected to further grow the industry over the next five years.... purchase to read more

Industry Report - Industry Products Chapter

In addition to the type of hearing aids discussed below, hearing aid styles vary. Behind-the-ear aids account for 69.2% of revenue, in-the-ear aids account for 13.6% of revenue, completely in-canal account for 10.4% and in-the-canal account for 6.8%. The style of hearing aid is dependent on the level of hearing impairment, listening requirements of the consumer and personal preferences.

Digital hearing aids

Digital hearing aids are estimated to account for 50.0% of industry revenue in 2016. Digital hearing aids are similar to analog hearing aids but have more technological advancements and are generally more costly. Digital hearing aids use digitized sound processing to provide a clear, amplified, distortion-free sound... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hearing Aid Clinics Industry?

This industry retails hearing aids for consumers of all demographics and ages. Industry operators also frequently provide hearing tests and consultation services within the store.

Industry Products
Analog hearing aidsDigital hearing aidsBatteries and accessories
 
Industry Activities
Selling hearing aid devicesProviding audiology examinationsProviding hearing consultation services


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